Cootey Stephen Lawrence 4

What Happened Stephen Cootey, Chief Financial Officer of Red Rock Resorts (RRR), had 3,952 shares withheld by the company on March 18, 2026 to cover applicable taxes related to the vesting of previously granted restricted shares. The withheld shares were valued at $58.81 each, totaling approximately $232,417. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-03-18; Form 4 filed: 2026-03-20 (timely filing).
• Shares withheld/disposed: 3,952 at $58.81 per share; total value ≈ $232,417.
• Transaction code: F (tax withholding on vesting). Footnote F1: company withheld shares to cover applicable taxes upon vesting of restricted shares previously granted.
• Shares owned after the transaction: not disclosed in this filing.
• This was not a purchase or an open-market sale; it's a routine tax withholding event.

Context Tax-withholding (cashless) dispositions are common when restricted stock vests and do not necessarily indicate insider sentiment about the company. The company retained the specified shares to satisfy the executive's tax obligations rather than the executive selling shares on the market. Retail investors should view this as an administrative action tied to compensation vesting rather than a directional bet by the CFO.